GC “Prometey” (Nikolaev) did not receive a refund of value added tax (VAT) in January 2022, in total, the grain trading group was not paid fiscal compensation in the amount of UAH 112 million, the company said in a press release on Monday.
At the same time, she points out that the State Tax Service (STS) is conducting a selective VAT refund, and accuses it of delaying its return by conducting lengthy business audits.
“As reported by the tax authorities themselves, and according to business representatives, in parallel (with the lack of VAT refunds – IF), thorough checks were launched. Informally, the purpose of these audits is to delay refunds, since some enterprises did not receive payments for January and do not have information when this process is de facto launched,” the group of companies said.
The corresponding transition of the economy to manual mode leaves the transition to the “shadow” as the only option for companies to continue their activities, the grain trader emphasizes.
“It is not clear that the business is already receiving refunds, the losses of which are not comparable with the “war” costs of agro-exporters – a strategic direction for the Ukrainian economy. In particular, members of the Ukrainian Association of Furniture Manufacturers claim to receive compensation payments. on the brink of profitability, are still waiting in line to receive refunds,” the press release says.
The grain trader stressed that for Ukrainian agro-industrial companies the issue of the actual VAT refund is not just a positive event, but a necessary condition for survival in the market.
According to the company, due to the unstable situation in Nikolaev, all data on VAT refund payments to the exporter are in the jurisdiction of the tax Volyn region, which does not show any interest in resolving the issue of its reimbursement to Prometheus.
“The company is one of the few that has not closed that part of its business that is located in the Nikolaev region and is in close proximity to the front line. At the same time, more and more taxpayers in Nikolaev have already stopped or closed. Perhaps this is the reason, because behind the scenes, applicants for compensation are divided into categories, and front-line companies are clearly not favorites for fiscal authorities,” the grain trader stated.
“Of course, now the country’s priority is financing defense and security, but selective non-reimbursement of VAT is the transition of the economy to manual mode, and does the authorities leave with this practice only one alternative to agribusiness – transition to the shadow?”, – he added in a press release. .
GC “Prometheus” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kyiv, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
Prometey Group has bought 5 new DAF grain trucks with Wielton semi-trailers, thanks to which its truck fleet has expanded to 45 units, follows from a press release from the grain trader on Friday.
It is specified that the next delivery of 10 tractors with semi-trailers will take place in the first ten days of October. In total, by the end of the year, the group of companies plans to increase the fleet of grain carriers to 100 units.
“An appropriate strategy for the development of transport logistics will become a competitive advantage and will reduce the group’s logistics costs. In addition, in connection with the war, the issue of mobility of any company is more than relevant. The Grain Corridor partially reoriented logistics routes leading to the western border of Ukraine to the south , but it cannot be said that this change will lead to a significant reduction in the need for trucks,” the grain trader specified in a press release.
As reported, in June Prometey announced its intention to expand its fleet of cargo grain carriers to 100 units by the end of 2022. Also in June, the grain trader signed an agreement with the state-owned Ukrgasbank to receive UAH 450 million in financing for a sowing campaign and trading activities in agricultural products.
In August, the group of companies received the first batch of 19 new MAN TGX tractors coupled with Wielton semi-trailers.
GC “Prometey” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kyiv, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
Prometey grain trader signed an export contract for the supply of 25,000 tons of food wheat from the Chornomorsk seaport in mid-September, the passage of the vessel became possible due to the deblockade of Ukrainian ports under the Istanbul grain agreements.
“In accordance with the contract, to load agricultural products, the bulk carrier will arrive in the territorial waters of Ukraine in 2-3 weeks. After the inspection, the dry cargo ship will follow from the port of Chornomorsk to its destination in mid-September,” the group of companies said in a press release on Monday.
“Prometey” emphasized that the conclusion of this contract gives the holding a reason to raise the minimum export bar at the level of 70-80 thousand tons of agricultural products per month.
The grain trader also clarified that it would take months to send a comparable amount of cargo by rail or road.
“This is already a victory on the front of global food security, in the structure of which Ukrainian grain trading companies play an important role. Another important component of the launch of the “grain corridor” is the trend towards improving the situation on the domestic agricultural market,” Prometey summed up in a press release. .
Prometey Group of Companies provides services for the storage, processing and logistics of grain and leguminous crops based on 33 elevators with a total storage capacity of 1.7 million tons.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
On April 11, the Prometey group of companies resumed the work of its Kiev office, while its main office in Nikolaev has not stopped working since the beginning of Russia’s invasion of Ukraine, the grain trader’s website reported on Friday.
The owner of the holding, Rafael Goroyan, noted in a message that the Kyiv staff of Prometey is returning to the production process, since now the city is calm and safe.
The grain trader clarified that he still does not have access to 3 thousand hectares in the Snigirevsky district of the Nikolaev region due to the occupation of part of the region by Russian troops, while the total land bank of Prometey is 20 thousand hectares.
In the territory controlled by Ukraine, out of 17 thousand hectares, 10 thousand hectares have already been sown with winter crops, sunflower is being planted in the remaining areas.
“Prometey” recalled that in mid-March, Russian invaders attacked the offices of the production companies “VK Prometey” (Peski village) and Agro Capital Center LLC (AKC, Dobraya Krinitsa village, both – Mykolaiv region), where they destroyed / x and office equipment, documentation, weighing and monitoring systems. Despite the attack, the company has already reopened branches.
GC “Prometey” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kiev, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, Prometey Group plans to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
The founder and owner of Prometey Group of Companies is Rafael Goroyan.
Prometey Group of Companies, which owns 29 granaries in Ukraine with a total storage capacity of 1.7 million tonnes of agricultural crops, intends to purchase four-six more elevators this year, the company’s website reported on Monday.
“In the future, Prometey Group intends to take a leading position in terms of one-time storage capacity and become the largest latifundist in Ukraine. This year, the company aims to purchase four-six more elevators,” the grain trader said in a statement.
It is noted that in 2021, Prometey acquired four granaries, which made it possible to increase the elevator capacity of the group of companies by 210,000 tonnes.
Prometey provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia, Sumy, Odesa, Kherson and Dnipropetrovsk regions.
Prometey group of companies in 2020 increased its EBITDA by 6.8% compared to 2019 – up to $32.6 million, according to the results of its financial audit conducted by the international company KPMG posted on the grain trader’s website.
At the same time, the company does not provide data on the profit/loss received in the past year.
Prometey in 2020 also increased its revenue by 14.8% compared to 2019 – to $254.2 million. Its assets as of December 31, 2020 amounted to $199.3 million.
“It is noted that Prometey group of companies in 2020 entered the top five (in Ukraine, 1.7 million tonnes of one-time storage) in terms of elevator capacities. In the last marketing year, the group also confirmed its title of one of the leaders in the agricultural sector, selling about 1 million tonnes of grains and oilseeds,” the grain trader said.
Prometey provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia, Sumy, Odesa, Kherson and Dnipropetrovsk regions.
In 2021, Prometey Group plans to receive $45 million in EBITDA.
